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SPIMACO ACHIEVES SR96.85M PROFITS
The Saudi Pharmaceutical Industrial and Medical Appliances Corporation was able to achieve profits of SR96.85 million in 2005, an increase of 47 percent compared to 2004, which was SR65.5 million. These profits represent the company's actual increase in its main operations without considering profits from other investments. The rise was despite fourth quarter restructuring expenses of SR11.8 million. The rise reflects the growth and expansion in the company's sales inside and outside the Kingdom, which reached SR649 million in 2005 compared to SR582.5 million in 2004.
MENAFN.com (http://www.menafn.com/qn_news_story_s.asp?StoryId=123342)
(http://www.bloomberg.com/apps/news?pid=10000102&sid=aYW4iYmkPTMc&refer=uk)
KEYWORDS Daily International Pharma Alert
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